China will impose an 84% tariff on US goods starting Thursday, a significant escalation of the global trade war sparked by US President Donald Trump’s decision to impose tariffs on imports from almost all nations. Trump's tariffs, which include a 104% effective levy on Chinese goods, have caused global financial markets to tank, with the FTSE 100 dropping 3.6%, Germany's DAX falling 4%, and France's CAC 40 declining 4%. US index funds are also expected to fall when they open at 2:30pm UK time. Trump appeared unrepentant about the economic damage caused by his decisions, boasting that countries are "kissing my ass" in an attempt to negotiate with him.

China has vowed to "fight to the end" against the US over Trump’s threatened additional 50% tariff on Chinese imports, calling it a "typical unilateral bullying practice". China will take countermeasures to safeguard its interests in response to the US's "so-called reciprocal tariffs", which are deemed "completely groundless". The US has already imposed 20% and 34% tariffs on Chinese goods, with Trump threatening additional 50% tariffs if China does not back down.

China has vowed to "fight to the end" against the US over Trump’s threatened additional 50% tariff on Chinese imports, calling it a "typical unilateral bullying practice". China will take countermeasures to safeguard its interests in response to the US's "so-called reciprocal tariffs", which are deemed "completely groundless". The US has already imposed 20% and 34% tariffs on Chinese goods, with Trump threatening additional 50% tariffs if China does not back down.

President Donald Trump threatened to impose an additional 50% tariff on China if they do not remove their retaliatory import levy of 34% by Tuesday. This escalation comes after Beijing announced it would impose reciprocal 34% tariffs on all US imports. Trump warned that negotiations and trade talks with China would be canceled if they refused to back down, stating that he would "impose ADDITIONAL Tariffs on China of 50 percent effective April 9th" unless the Chinese removed their tariff by April 8th, 2025.